Archive of posts filed under the Home Purchase category.

How To Prep Your Bank Account To Buy A Home In 2017

This is it: 2017 is the year you will finally buy a home! But even once you’ve made the ultimate decision to make the leap into homeownership, your hard work is far from complete. Buying a home is a big commitment and costs a lot of money — and getting the mortgage you want at […]

Canadians Buy Palm Springs Real Estate

If you ask most U.S. residents where they’re planning on moving when they retire, a large percentage of them will respond with “California”. This state is known to attract retirees due to the beautiful weather, beautiful homes and easy living. While many Americans might set their dreams to retire in California, they aren’t the only […]

Staging Your Home Helps It Sell 73% Faster, On Average

With current mortgage rates low and rent on the rise, the math has shifted for the nation’s renters. It’s more affordable to be first-time home buyer than to rent in many U.S. cities. As a result, demand for homes has been high. Home prices are up more than five percent since last year, and values have […]

Rates Rising Ahead Of 2017: What Home Buyers and Owners Need To Know

On December 14, 2016, the Fed raised a key overnight bank-to-bank lending rate by .25 percent. Even though this is a short-term rate, it also impacts longer-term home loan rates. Rates on 30-year fixed mortgages rose about .5 percent between the election and this Fed meeting — causing monthly payments on a $300,000 loan to rise […]

Using technology to see inside real estate before it’s even built

Urbanist Architecture is the first architectural firm in London to employ the latest Virtual Reality (VR) technology for their clients. The firm uses VR gadgets to create awesome simulations showing home owners and property developers how their development will look like when it has been completed. By using this technology, you can see the quality […]

Luxury Buyers Impacted By Wall Street Performance Rather Than Interest Rates

What really impacts these buyers’ bottom line, and their financial capacity and ability to buy property, is how Wall Street is performing. “Increasing mortgage rates are offset by the current strength of the stock market, which is at an all-time high,” Mr. Yun said. “This is really helping out people at upper tier income brackets.” […]

Factors Homeowners Should Consider Over Interest Rates

Here are six factors that may be more important than interest rates when deciding whether to buy a home this year. Length of time you’ll stay in that home. How long you have to live in a home to make it more economical than renting varies by locality and, in fact, by the individual home […]

Do You Get an FHA loan or conventional mortgage?

Federal Housing Administration loans and conventional loans remain the most popular financing types for today’s mortgage borrowers. But which program makes the most financial sense for you? Here’s how to decide. The nuts & bolts of FHA loans FHA loans are insured by the Federal Housing Administration. The program contains two forms of mortgage insurance; […]

More Opportunities and Expectations for Housing Millennials and First Time Buyers

Nationally, first time homebuyers increased to 34 percent of the market share in September. A lot of this is attributed to the fact that most families with children—as well as move-up buyers—tend to make their moves during the summer months, thus easing inventory a bit for the first time homebuyers. The increase in September was […]

Housing’s new normal: Low interest rates, shifting demand, coming wave of new homebuyers

Speaking before a packed house gathered Wednesday on the 7th floor of the Newseum in Washington, D.C., CoreLogic’s chief economist, Frank Nothaft, told the crowd of housing insiders that anyone waiting for any dramatic shifts in housing, interest rates, or otherwise is likely to be left waiting. Nothaft, speaking at the “Data, Demand, and Demographics: […]